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Energy Department Loans $1B to Help Finance the Restart of Nuclear Reactor on Three Mile Island
The $1 billion loan covers most of the $1.6 billion project to restart the Crane Clean Energy Center, expected to power 800,000 homes and reduce electricity costs on a 13-state grid.
- On Tuesday, the U.S. Department of Energy finalized a $1 billion loan to Constellation Energy Generation to restart Three Mile Island Unit 1, now renamed the Crane Clean Energy Center.
- President Donald Trump signed four executive orders in May to expand nuclear capacity, framing the administration's push for restarts while DOE said the loan aligns with priorities to support AI data centers.
- Constellation Energy expects to spend about $1.6 billion to bring Crane Clean Energy Center back online by 2027, creating around 600 jobs and powering roughly 800,000 homes.
- The financing is aimed at cutting ratepayer costs on the PJM grid, DOE officials said, and Constellation Energy guaranteed the loan to protect taxpayers despite likely reopening the plant without federal help.
- With $250 billion in lending authority, the U.S. Department of Energy's Loan Programs Office is reviving nuclear capacity, marking the Trump administration's first major loan and supporting the American nuclear capacity roadmap.
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From meltdown to restart, US nuclear power plant gets a second life
Once the site of the worst commercial nuclear power accident in the US, Pennsylvania's Three Mile Island will again start producing electricity after the Department of Energy agreed to a $US1 billion ($1.5 billion) loan.
·Australia
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Associated Press News+42 Reposted by 42 other sources
Energy Department loans $1B to help finance the restart of nuclear reactor on Three Mile Island
The U.S. Department of Energy says it's loaning $1 billion to help finance the restart of the nuclear power plant on Pennsylvania’s Three Mile Island to supply power to data centers for tech giant Microsoft.
·United States
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Coverage Details
Total News Sources59
Leaning Left12Leaning Right10Center31Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 23%
C 58%
R 19%
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